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Tag: finance results

  • PSX announces 15.76 percent increase in after tax profit

    PSX announces 15.76 percent increase in after tax profit

    KARACHI: The Pakistan Stock Exchange (PSX) has announced 15.76 percent growth in net profit for the three month period ended September 30, 2019.

    According to financial result announced by the PSX, the profit after taxation of the stock market grew to Rs31.46 million for the quarter ended September 30, 2019 as compared with Rs27.178 million in the corresponding period of the last year.

    The revenue of the stock market under the head of licensing fee increased to Rs99.82 million for the quarter as compared with Rs91.46 million in the corresponding quarter of the last year.

    However, income from exchange operation fell to Rs78.2 million as compared with Rs91 million.

    The total revenue grew nominally to Rs229.33 million as compared with Rs224.46 million in the last year.

    However, operation cost fell to Rs272 million as against Rs289 million.

    The profit before taxation of the stock exchange increased to Rs32.248 million for the quarter ended September 30, 2019 as compared with Rs28.46 million in the corresponding quarter of the last year.

  • PSO declares 55 percent decline in net profit for nine-month period

    PSO declares 55 percent decline in net profit for nine-month period

    KARACHI: The net profit of Pakistan State Oil (PSO) has declined substantially by 55 percent to Rs5.92 billion for the period July – March 2018/2019 as compared with Rs13.22 billion in the corresponding period of the last fiscal year.

    According to financial results submitted to Pakistan Stock Exchange (PSX) on Monday for nine-month period ended March 31, the earning per share of the company also fell to Rs15.15 as compared Rs33.80 in the same period of the last year.

    The gross sales of the company was flat at Rs950.93 billion during July – March 2018/2019 as compared with Rs930.38 billion in the same period of the last fiscal year.

    The gross profit of PSO reduced to Rs23.88 billion for the nine-month period ended March 31, 2019 as compared with Rs28.87 billion in the same period of the last fiscal year.

    The profit of the company for the quarter January – March 2019 also fell to Rs1.67 billion as against Rs4.70 billion, posting 64 percent decline.

    Analysts at Topline Securities said that the company recorded loss of around Rs2.3 billion on petrol, while, gain of around Rs2 billion and Rs95 million on Furnace Oil (FO) and HSD respectively.

    Further, volumetric decline of 6 percent YoY in HSD/Petrol and 31 percent YoY decline FO sales also weighed on overall gross profits of the company.